Orange County NC Website
Browse       Search
Q <br />5. Paragraph 2.03 of the Agreement is deleted in its entirety and replaced with the <br />following: <br />2.03 The Purchase Price shall be credited by Two Hundred Seven Thousand <br />Three Hundred Ninety-Four and No/100 Dollars ($207,394.00), the cost of all design <br />professionals whose contracts} are assigned to Purchaser pursuant to N.C. Gen. Stat. <br />Section 143-64.31 less any amount of such budgeted cost Seller has paid such design <br />professionals as shown on the attached EXAIBIT C. <br />6. Pazagraph 5.04 of the Agreement is deleted in its entirety and replaced with the <br />following: <br />5.04 As a further condition precedent to Purchaser's obligation to close the <br />purchase of the Property, Seller and Purchaser shall have made and entered into a written <br />lease agreement pursuant to which Seller shall lease to Purchaser, upon terms and <br />conditions mutually satisfactory to Seller and Purchaser, the exclusive use of the <br />Allocated Parking Spaces. As used herein, "Allocated Parking Spaces" shall mean two <br />hundred (200) pazkang spaces in the parking deck constructed by Seller on a tract of land <br />lying south of the Property and north of N & K Street which shall be allocated for the <br />exclusive use of the owner of the Building and such owner's tenants, employees, <br />customers, guests, licensees and invitees. Allocated Parking Spaces was determined by <br />subtracting from two hundred forty-three (243) the number of parking spaces which shall <br />have been licensed by Seller to Purchaser or otherwise made available or reserved for the <br />exclusive use of Purchaser within the project complex (including the Real Property, the <br />parking deck, the proposed Orange County library tract and the Gateway Center Building <br />tract}. Seller and Purchaser acknowledge that it is their intent that a total of two hundred <br />3 <br />